Trending: Oil | Gold | BITCOIN | EUR/USD | GBP/USD

Midday update for AUD USD 16/05/2013

Economies.com
2013-05-16 10:48AM UTC

The pair continues its bearish pressure to begin the process of breaking the critical support 0.9825, this break supports the continuation of the bearish trend on the short term basis, to open the way towards targeting 0.9580

 

A daily candlestick close below 0.9825 will confirm the suggested decline, while our bearish trend expectations remain valid unless 0.9975 was breached to the upside.

 

Expected trading range for today is between: 0.9765 support and 0.9975 resistance.

 

Expected trend for today: Bearish

Midday update for Crude Oil 16/05/2013

Economies.com
2013-05-16 10:48AM UTC

The pair is pressing negatively on the critical support 93.45, and as we mentioned this morning, the intraday trend depends on confirming surpassing one of the levels that represented by the mentioned support and 94.65 resistance.

 

Thus, we continue in monitoring the price behavior according to those levels, which have the keys of detecting the next trend.

 

Expected trading range for today is between: 92.20 support and 97.00 resistance.

 

Expected trend for today: Depends on the above mentioned levels

Midday update for Silver 16/05/2013

Economies.com
2013-05-16 10:47AM UTC

Silver price approaches from our main first target at 22.00, and the negative pressure that comes from EMA50 continues, which encourages us to continue in preferring the bearish trend for today, pointing that Stochastic might cause some temporary sideways trading.

 

Expected trading range for today is between: 21.65 support and 23.50 resistance.

 

Expected trend for today: Bearish

 

Midday update for Gold 16/05/2013

Economies.com
2013-05-16 10:47AM UTC

Gold price resumed its waited decline approaching from our main expected target for today at 1365.00, providing some positive bias now affected by Stochastic.

 

And until now, the bearish trend scenario remains valid and preferred for today, pointing that the next targets reach towards 1350.00

 

Expected trading range for today is between: 1350.00 support and 1410.00 resistance.

 

Expected trend for today: Bearish